EDP – Energias de Portugal (OTCMKTS:EDPFY) Sets New 52-Week Low – Time to Sell?

EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) hit a new 52-week low during trading on Wednesday . The company traded as low as $34.04 and last traded at $34.17, with a volume of 91163 shares traded. The stock had previously closed at $34.97.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised EDP – Energias de Portugal from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

EDP – Energias de Portugal Stock Down 2.3 %

The firm has a 50 day simple moving average of $39.73 and a 200 day simple moving average of $40.58.

EDP – Energias de Portugal Company Profile

EDP – Energias de Portugal, SA engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally. It operates through Renewables, Networks, and Client Solutions & Energy Management segments.